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Iran and China are reportedly in talks to use a barter system to continue oil trade between the two countries, according to Financial Times. This comes after U.S. imposed financial sanctions have prevented China from paying at least $20 billion for its oil imports.
China's oil imports from Iran increased about 50% to 13.5 million tons in the first half of 2011, compared to the same period a year before, according to Iran Independent News Service.
Read more: www.businessinsider.com...
Originally posted by oozyism
reply to post by airspoon
Iran said there would be a response for the unjust sanctions, here comes the response, it is gonna hurt..
Very well thought out response also